Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Friday, March 08, 2024.
On Thursday, the stock market closed on a positive note with Sensex and Nifty reaching new all-time highs. Sensex marginally increased by 0.05 per cent, reaching 74,245.17, while Nifty gained 0.09 per cent to hit 22,525.65.
Additionally, Nifty Mid-Cap rose by 0.22 per cent, and Nifty Small-Cap surged by 0.85 per cent.
Market volatility, reflected by India VIX, dropped by 4.41 per cent, indicating decreased market uncertainty.
Top Gainers included Nifty Media, Nifty Metal, and Nifty FMCG, while Nifty Energy, Nifty Bank, and Nifty Auto experienced losses.
With 1,423 advancing stocks against 846 declining ones, the broader market sentiment remained positive.
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The following Penny Stocks are likely to be in focus on Friday, March 08, 2024:
Alok Industries - Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 5 per cent upper circuit, recording an intraday high of Rs 30.50 per share on NSE. Alok Industries is a textile company with a presence in the cotton and polyester segments. The Company is engaged in manufacturing of textile, including mending and packing activities; leather and other apparel products
Airan - The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 5 per cent upper circuit, reaching an intraday high of Rs 26.50 per share on NSE. Incorporated in 1995, Airan Ltd provides consulting, technology, outsourcing, and next generation digital services & softwares.
Alankit- A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 5 per cent upper circuit to record an intraday high of Rs 19.40 per share on NSE. Company is mainly in the business of e-Governance and e-Governance products. Company's e-Governance Business has developed a proven track record through the successful completion of several e-Governance Projects
Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):
|
Penny Stock
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LTP (Rs)
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Gain (per cent)
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Eurotex Industries and Exports
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20.00
|
4.99
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Tijaria Polypipes
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14.60
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4.66
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Metalyst Forgings
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4.80
|
4.31
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Tarapur Transformers
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7.40
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4.96
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.